diff --git a/services/wallet/transfer/block_dao.go b/services/wallet/transfer/block_dao.go
index a8ebdb7c9..8731c5e48 100644
--- a/services/wallet/transfer/block_dao.go
+++ b/services/wallet/transfer/block_dao.go
@@ -249,6 +249,30 @@ func (b *BlockDAO) GetLastSavedBlock(chainID uint64) (rst *DBHeader, err error)
 	return nil, nil
 }
 
+func (b *BlockDAO) GetFirstSavedBlock(chainID uint64, address common.Address) (rst *DBHeader, err error) {
+	query := `SELECT blk_number, blk_hash, loaded
+	FROM blocks
+	WHERE network_id = ? AND address = ?
+	ORDER BY blk_number LIMIT 1`
+	rows, err := b.db.Query(query, chainID, address)
+	if err != nil {
+		return
+	}
+	defer rows.Close()
+
+	if rows.Next() {
+		header := &DBHeader{Hash: common.Hash{}, Number: new(big.Int)}
+		err = rows.Scan((*bigint.SQLBigInt)(header.Number), &header.Hash, &header.Loaded)
+		if err != nil {
+			return nil, err
+		}
+
+		return header, nil
+	}
+
+	return nil, nil
+}
+
 // TODO remove as not used
 func (b *BlockDAO) GetBlocks(chainID uint64) (rst []*DBHeader, err error) {
 	query := `SELECT blk_number, blk_hash, address FROM blocks`
diff --git a/services/wallet/transfer/block_ranges_sequential_dao.go b/services/wallet/transfer/block_ranges_sequential_dao.go
index 52bc8e230..d36acd6e1 100644
--- a/services/wallet/transfer/block_ranges_sequential_dao.go
+++ b/services/wallet/transfer/block_ranges_sequential_dao.go
@@ -81,8 +81,7 @@ func (b *BlockRangeSequentialDAO) upsertRange(chainID uint64, account common.Add
 		// to a greater value, because no history can be before some block that is considered
 		// as a start of history, but due to concurrent block range checks, a newer greater block
 		// can be found that matches criteria of a start block (nonce is zero, balances are equal)
-		if newBlockRange.Start != nil || (blockRange.Start != nil && newBlockRange.Start != nil &&
-			blockRange.Start.Cmp(newBlockRange.Start) < 0) {
+		if newBlockRange.Start != nil && (blockRange.Start == nil || blockRange.Start.Cmp(newBlockRange.Start) < 0) {
 			blockRange.Start = newBlockRange.Start
 		}
 
diff --git a/services/wallet/transfer/commands.go b/services/wallet/transfer/commands.go
index 2e5241b5d..28bd8fe19 100644
--- a/services/wallet/transfer/commands.go
+++ b/services/wallet/transfer/commands.go
@@ -47,7 +47,6 @@ var (
 )
 
 type ethHistoricalCommand struct {
-	eth          Downloader
 	address      common.Address
 	chainClient  *chain.ClientWithFallback
 	balanceCache *balanceCache
@@ -69,7 +68,8 @@ func (c *ethHistoricalCommand) Command() async.Command {
 }
 
 func (c *ethHistoricalCommand) Run(ctx context.Context) (err error) {
-	log.Info("eth historical downloader start", "address", c.address, "from", c.from.Number, "to", c.to, "noLimit", c.noLimit)
+	log.Info("eth historical downloader start", "chainID", c.chainClient.ChainID, "address", c.address,
+		"from", c.from.Number, "to", c.to, "noLimit", c.noLimit)
 
 	start := time.Now()
 	if c.from.Number != nil && c.from.Balance != nil {
@@ -79,11 +79,12 @@ func (c *ethHistoricalCommand) Run(ctx context.Context) (err error) {
 		c.balanceCache.addNonceToCache(c.address, c.from.Number, c.from.Nonce)
 	}
 	from, headers, startBlock, err := findBlocksWithEthTransfers(ctx, c.chainClient,
-		c.balanceCache, c.eth, c.address, c.from.Number, c.to, c.noLimit, c.threadLimit)
+		c.balanceCache, c.address, c.from.Number, c.to, c.noLimit, c.threadLimit)
 
 	if err != nil {
 		c.error = err
-		log.Error("failed to find blocks with transfers", "error", err)
+		log.Error("failed to find blocks with transfers", "error", err, "chainID", c.chainClient.ChainID,
+			"address", c.address, "from", c.from.Number, "to", c.to)
 		return nil
 	}
 
@@ -343,12 +344,16 @@ func (c *controlCommand) Command() async.Command {
 
 type transfersCommand struct {
 	db                 *Database
+	blockDAO           *BlockDAO
 	eth                *ETHDownloader
-	blockNum           *big.Int
+	blockNums          []*big.Int
 	address            common.Address
 	chainClient        *chain.ClientWithFallback
-	fetchedTransfers   []Transfer
+	blocksLimit        int
 	transactionManager *TransactionManager
+
+	// result
+	fetchedTransfers []Transfer
 }
 
 func (c *transfersCommand) Command() async.Command {
@@ -359,16 +364,66 @@ func (c *transfersCommand) Command() async.Command {
 }
 
 func (c *transfersCommand) Run(ctx context.Context) (err error) {
-	log.Debug("start transfersCommand", "chain", c.chainClient.ChainID, "address", c.address, "block", c.blockNum)
+	// Take blocks from cache if available and disrespect the limit
+	// If no blocks are available in cache, take blocks from DB respecting the limit
+	// If no limit is set, take all blocks from DB
+	for {
+		blocks := c.blockNums
+		if blocks == nil {
+			blocks, _ = c.blockDAO.GetBlocksByAddress(c.chainClient.ChainID, c.address, numberOfBlocksCheckedPerIteration)
+		}
 
-	startTs := time.Now()
+		for _, blockNum := range blocks {
+			log.Info("start transfersCommand", "chain", c.chainClient.ChainID, "address", c.address, "block", blockNum)
 
-	allTransfers, err := c.eth.GetTransfersByNumber(ctx, c.blockNum)
-	if err != nil {
-		log.Error("getTransfersByBlocks error", "error", err)
-		return err
+			startTs := time.Now()
+
+			allTransfers, err := c.eth.GetTransfersByNumber(ctx, blockNum)
+			if err != nil {
+				log.Error("getTransfersByBlocks error", "error", err)
+				return err
+			}
+
+			err = c.updateMultiTxFromPendingEntry(allTransfers)
+			if err != nil {
+				return err
+			}
+
+			if len(allTransfers) > 0 {
+				err = c.db.SaveTransfersMarkBlocksLoaded(c.chainClient.ChainID, c.address, allTransfers, []*big.Int{blockNum})
+				if err != nil {
+					log.Error("SaveTransfers error", "error", err)
+					return err
+				}
+			} else {
+				// If no transfers found, that is suspecting, because downloader returned this block as containing transfers
+				log.Error("no transfers found in block", "chain", c.chainClient.ChainID, "address", c.address, "block", blockNum)
+
+				err = markBlocksAsLoaded(c.chainClient.ChainID, c.db.client, c.address, []*big.Int{blockNum})
+				if err != nil {
+					log.Error("Mark blocks loaded error", "error", err)
+					return err
+				}
+			}
+
+			c.fetchedTransfers = append(c.fetchedTransfers, allTransfers...)
+
+			log.Debug("end transfersCommand", "chain", c.chainClient.ChainID, "address", c.address,
+				"block", blockNum, "len", len(allTransfers), "in", time.Since(startTs))
+		}
+
+		if c.blockNums != nil || len(blocks) == 0 ||
+			(c.blocksLimit > noBlockLimit && len(blocks) >= c.blocksLimit) {
+			log.Debug("loadTransfers breaking loop on block limits reached or 0 blocks", "chain", c.chainClient.ChainID,
+				"address", c.address, "limit", c.blocksLimit, "blocks", len(blocks))
+			break
+		}
 	}
 
+	return nil
+}
+
+func (c *transfersCommand) updateMultiTxFromPendingEntry(allTransfers []Transfer) error {
 	// Update MultiTransactionID from pending entry
 	for index := range allTransfers {
 		transfer := &allTransfers[index]
@@ -382,27 +437,6 @@ func (c *transfersCommand) Run(ctx context.Context) (err error) {
 		}
 	}
 
-	if len(allTransfers) > 0 {
-		err = c.db.SaveTransfersMarkBlocksLoaded(c.chainClient.ChainID, c.address, allTransfers, []*big.Int{c.blockNum})
-		if err != nil {
-			log.Error("SaveTransfers error", "error", err)
-			return err
-		}
-	} else {
-		// If no transfers found, that is suspecting, because downloader returned this block as containing transfers
-		log.Error("no transfers found in block", "chain", c.chainClient.ChainID, "address", c.address, "block", c.blockNum)
-
-		err = markBlocksAsLoaded(c.chainClient.ChainID, c.db.client, c.address, []*big.Int{c.blockNum})
-		if err != nil {
-			log.Error("Mark blocks loaded error", "error", err)
-			return err
-		}
-	}
-
-	c.fetchedTransfers = allTransfers
-	log.Debug("end transfersCommand", "chain", c.chainClient.ChainID, "address", c.address,
-		"block", c.blockNum, "len", len(allTransfers), "in", time.Since(startTs))
-
 	return nil
 }
 
@@ -485,22 +519,9 @@ func (c *findAndCheckBlockRangeCommand) Run(parent context.Context) (err error)
 		erc20Headers := erc20HeadersByAddress[address]
 		allHeaders := append(ethHeaders, erc20Headers...)
 
-		uniqHeadersByHash := map[common.Hash]*DBHeader{}
-		for _, header := range allHeaders {
-			uniqHeader, ok := uniqHeadersByHash[header.Hash]
-			if ok {
-				if len(header.Erc20Transfers) > 0 {
-					uniqHeader.Erc20Transfers = append(uniqHeader.Erc20Transfers, header.Erc20Transfers...)
-				}
-				uniqHeadersByHash[header.Hash] = uniqHeader
-			} else {
-				uniqHeadersByHash[header.Hash] = header
-			}
-		}
-
 		uniqHeaders := []*DBHeader{}
-		for _, header := range uniqHeadersByHash {
-			uniqHeaders = append(uniqHeaders, header)
+		if len(allHeaders) > 0 {
+			uniqHeaders = uniqueHeaders(allHeaders)
 		}
 
 		foundHeaders[address] = uniqHeaders
@@ -542,17 +563,11 @@ func (c *findAndCheckBlockRangeCommand) fastIndex(ctx context.Context, bCache *b
 			chainClient:  c.chainClient,
 			balanceCache: bCache,
 			address:      address,
-			eth: &ETHDownloader{
-				chainClient: c.chainClient,
-				accounts:    []common.Address{address},
-				signer:      types.NewLondonSigner(c.chainClient.ToBigInt()),
-				db:          c.db,
-			},
-			feed:        c.feed,
-			from:        fromByAddress[address],
-			to:          toByAddress[address],
-			noLimit:     c.noLimit,
-			threadLimit: NoThreadLimit,
+			feed:         c.feed,
+			from:         fromByAddress[address],
+			to:           toByAddress[address],
+			noLimit:      c.noLimit,
+			threadLimit:  NoThreadLimit,
 		}
 		commands[i] = eth
 		group.Add(eth.Command())
@@ -621,30 +636,24 @@ func loadTransfers(ctx context.Context, accounts []common.Address, blockDAO *Blo
 
 	commands := []*transfersCommand{}
 	for _, address := range accounts {
-		blocks, ok := blocksByAddress[address]
-
-		if !ok {
-			blocks, _ = blockDAO.GetBlocksByAddress(chainClient.ChainID, address, numberOfBlocksCheckedPerIteration)
-		}
-
-		for _, block := range blocks {
-			transfers := &transfersCommand{
-				db:          db,
+		transfers := &transfersCommand{
+			db:          db,
+			blockDAO:    blockDAO,
+			chainClient: chainClient,
+			address:     address,
+			eth: &ETHDownloader{
 				chainClient: chainClient,
-				address:     address,
-				eth: &ETHDownloader{
-					chainClient: chainClient,
-					accounts:    []common.Address{address},
-					signer:      types.NewLondonSigner(chainClient.ToBigInt()),
-					db:          db,
-				},
-				blockNum:           block,
-				transactionManager: transactionManager,
-			}
-			commands = append(commands, transfers)
-			group.Add(transfers.Command())
+				accounts:    []common.Address{address},
+				signer:      types.NewLondonSigner(chainClient.ToBigInt()),
+				db:          db,
+			},
+			blockNums:          blocksByAddress[address],
+			transactionManager: transactionManager,
 		}
+		commands = append(commands, transfers)
+		group.Add(transfers.Command())
 	}
+
 	select {
 	case <-ctx.Done():
 		return nil, ctx.Err()
@@ -756,3 +765,25 @@ func findFirstRanges(c context.Context, accounts []common.Address, initialTo *bi
 
 	return res, nil
 }
+
+func uniqueHeaders(allHeaders []*DBHeader) []*DBHeader {
+	uniqHeadersByHash := map[common.Hash]*DBHeader{}
+	for _, header := range allHeaders {
+		uniqHeader, ok := uniqHeadersByHash[header.Hash]
+		if ok {
+			if len(header.Erc20Transfers) > 0 {
+				uniqHeader.Erc20Transfers = append(uniqHeader.Erc20Transfers, header.Erc20Transfers...)
+			}
+			uniqHeadersByHash[header.Hash] = uniqHeader
+		} else {
+			uniqHeadersByHash[header.Hash] = header
+		}
+	}
+
+	uniqHeaders := []*DBHeader{}
+	for _, header := range uniqHeadersByHash {
+		uniqHeaders = append(uniqHeaders, header)
+	}
+
+	return uniqHeaders
+}
diff --git a/services/wallet/transfer/commands_sequential.go b/services/wallet/transfer/commands_sequential.go
index d5f3fbbc0..b90fff8a1 100644
--- a/services/wallet/transfer/commands_sequential.go
+++ b/services/wallet/transfer/commands_sequential.go
@@ -46,6 +46,7 @@ func (c *findBlocksCommand) Run(parent context.Context) (err error) {
 	rangeSize := big.NewInt(DefaultNodeBlockChunkSize)
 
 	from, to := new(big.Int).Set(c.fromBlockNumber), new(big.Int).Set(c.toBlockNumber)
+
 	// Limit the range size to DefaultNodeBlockChunkSize
 	if new(big.Int).Sub(to, from).Cmp(rangeSize) > 0 {
 		from.Sub(to, rangeSize)
@@ -54,19 +55,22 @@ func (c *findBlocksCommand) Run(parent context.Context) (err error) {
 	for {
 		headers, _ := c.checkRange(parent, from, to)
 		if c.error != nil {
-			log.Error("findBlocksCommand checkRange", "error", c.error)
+			log.Error("findBlocksCommand checkRange", "error", c.error, "account", c.account,
+				"chain", c.chainClient.ChainID, "from", from, "to", to)
 			break
 		}
 
-		log.Debug("findBlocksCommand saving headers", "len", len(headers), "lastBlockNumber", to,
-			"balance", c.balanceCache.ReadCachedBalance(c.account, to),
-			"nonce", c.balanceCache.ReadCachedNonce(c.account, to))
+		if len(headers) > 0 {
+			log.Debug("findBlocksCommand saving headers", "len", len(headers), "lastBlockNumber", to,
+				"balance", c.balanceCache.ReadCachedBalance(c.account, to),
+				"nonce", c.balanceCache.ReadCachedNonce(c.account, to))
 
-		err = c.db.SaveBlocks(c.chainClient.ChainID, c.account, headers)
-		if err != nil {
-			c.error = err
-			// return err
-			break
+			err = c.db.SaveBlocks(c.chainClient.ChainID, c.account, headers)
+			if err != nil {
+				c.error = err
+				// return err
+				break
+			}
 		}
 
 		err = c.upsertBlockRange(&BlockRange{c.startBlockNumber, c.resFromBlock.Number, to})
@@ -109,29 +113,28 @@ func (c *findBlocksCommand) checkRange(parent context.Context, from *big.Int, to
 
 	newFromBlock, ethHeaders, startBlock, err := c.fastIndex(parent, c.balanceCache, fromBlock, to)
 	if err != nil {
-		log.Error("findBlocksCommand checkRange fastIndex", "err", err)
+		log.Error("findBlocksCommand checkRange fastIndex", "err", err, "account", c.account,
+			"chain", c.chainClient.ChainID)
 		c.error = err
 		// return err // In case c.noLimit is true, hystrix "max concurrency" may be reached and we will not be able to index ETH transfers
 		return nil, nil
 	}
 	log.Debug("findBlocksCommand checkRange", "startBlock", startBlock, "newFromBlock", newFromBlock.Number, "toBlockNumber", to, "noLimit", c.noLimit)
 
-	// There should be transfers when either when we have found headers
-	// or newFromBlock is different from fromBlock
-	if len(ethHeaders) > 0 || newFromBlock.Number.Cmp(fromBlock.Number) != 0 {
-		erc20Headers, err := c.fastIndexErc20(parent, newFromBlock.Number, to)
-		if err != nil {
-			log.Error("findBlocksCommand checkRange fastIndexErc20", "err", err)
-			c.error = err
-			// return err
-			return nil, nil
-		}
+	// There could be incoming ERC20 transfers which don't change the balance
+	// and nonce of ETH account, so we keep looking for them
+	erc20Headers, err := c.fastIndexErc20(parent, newFromBlock.Number, to)
+	if err != nil {
+		log.Error("findBlocksCommand checkRange fastIndexErc20", "err", err)
+		c.error = err
+		// return err
+		return nil, nil
+	}
 
-		allHeaders := append(ethHeaders, erc20Headers...)
+	allHeaders := append(ethHeaders, erc20Headers...)
 
-		if len(allHeaders) > 0 {
-			foundHeaders = uniqueHeaders(allHeaders)
-		}
+	if len(allHeaders) > 0 {
+		foundHeaders = uniqueHeaders(allHeaders)
 	}
 
 	c.resFromBlock = newFromBlock
@@ -156,7 +159,8 @@ func loadBlockRangeInfo(chainID uint64, account common.Address, blockDAO *BlockR
 	return blockRange, nil
 }
 
-// Returns if all the blocks prior to first known block are loaded, not considering
+// Returns if all blocks are loaded, which means that start block (beginning of account history)
+// has been found and all block headers saved to the DB
 func areAllHistoryBlocksLoaded(blockInfo *BlockRange) bool {
 	if blockInfo == nil {
 		return false
@@ -171,6 +175,18 @@ func areAllHistoryBlocksLoaded(blockInfo *BlockRange) bool {
 	return false
 }
 
+func areAllHistoryBlocksLoadedForAddress(blockRangeDAO *BlockRangeSequentialDAO, chainID uint64,
+	address common.Address) (bool, error) {
+
+	blockRange, err := blockRangeDAO.getBlockRange(chainID, address)
+	if err != nil {
+		log.Error("findBlocksCommand getBlockRange", "error", err)
+		return false, err
+	}
+
+	return areAllHistoryBlocksLoaded(blockRange), nil
+}
+
 // run fast indexing for every accont up to canonical chain head minus safety depth.
 // every account will run it from last synced header.
 func (c *findBlocksCommand) fastIndex(ctx context.Context, bCache *balanceCache,
@@ -186,17 +202,11 @@ func (c *findBlocksCommand) fastIndex(ctx context.Context, bCache *balanceCache,
 		chainClient:  c.chainClient,
 		balanceCache: bCache,
 		address:      c.account,
-		eth: &ETHDownloader{
-			chainClient: c.chainClient,
-			accounts:    []common.Address{c.account},
-			signer:      types.NewLondonSigner(c.chainClient.ToBigInt()),
-			db:          c.db,
-		},
-		feed:        c.feed,
-		from:        fromBlock,
-		to:          toBlockNumber,
-		noLimit:     c.noLimit,
-		threadLimit: SequentialThreadLimit,
+		feed:         c.feed,
+		from:         fromBlock,
+		to:           toBlockNumber,
+		noLimit:      c.noLimit,
+		threadLimit:  SequentialThreadLimit,
 	}
 	group.Add(command.Command())
 
@@ -258,6 +268,7 @@ type loadAllTransfersCommand struct {
 	blocksByAddress    map[common.Address][]*big.Int
 	transactionManager *TransactionManager
 	blocksLimit        int
+	feed               *event.Feed
 }
 
 func (c *loadAllTransfersCommand) Command() async.Command {
@@ -268,7 +279,71 @@ func (c *loadAllTransfersCommand) Command() async.Command {
 }
 
 func (c *loadAllTransfersCommand) Run(parent context.Context) error {
-	return loadTransfersLoop(parent, c.accounts, c.blockDAO, c.db, c.chainClient, c.blocksLimit, c.blocksByAddress, c.transactionManager)
+	start := time.Now()
+	group := async.NewGroup(parent)
+
+	commands := []*transfersCommand{}
+	for _, address := range c.accounts {
+		transfers := &transfersCommand{
+			db:          c.db,
+			blockDAO:    c.blockDAO,
+			chainClient: c.chainClient,
+			address:     address,
+			eth: &ETHDownloader{
+				chainClient: c.chainClient,
+				accounts:    []common.Address{address},
+				signer:      types.NewLondonSigner(c.chainClient.ToBigInt()),
+				db:          c.db,
+			},
+			blockNums:          c.blocksByAddress[address],
+			blocksLimit:        c.blocksLimit,
+			transactionManager: c.transactionManager,
+		}
+		commands = append(commands, transfers)
+		group.Add(transfers.Command())
+	}
+
+	select {
+	case <-parent.Done():
+		log.Info("loadTransfers transfersCommand error", "chain", c.chainClient.ChainID, "error", parent.Err())
+		return parent.Err()
+	case <-group.WaitAsync():
+		log.Debug("loadTransfers finished for account", "in", time.Since(start), "chain", c.chainClient.ChainID, "limit", c.blocksLimit)
+
+		c.notifyOfNewTransfers(commands)
+	}
+
+	return nil
+}
+
+func (c *loadAllTransfersCommand) notifyOfNewTransfers(commands []*transfersCommand) {
+	if c.feed != nil {
+		for _, command := range commands {
+			if len(command.fetchedTransfers) > 0 {
+				c.feed.Send(walletevent.Event{
+					Type:     EventNewTransfers,
+					Accounts: []common.Address{command.address},
+				})
+			}
+		}
+	}
+}
+
+func newLoadBlocksAndTransfersCommand(accounts []common.Address, db *Database,
+	blockDAO *BlockDAO, chainClient *chain.ClientWithFallback, feed *event.Feed,
+	transactionManager *TransactionManager) *loadBlocksAndTransfersCommand {
+
+	return &loadBlocksAndTransfersCommand{
+		accounts:           accounts,
+		db:                 db,
+		blockRangeDAO:      &BlockRangeSequentialDAO{db.client},
+		blockDAO:           blockDAO,
+		chainClient:        chainClient,
+		feed:               feed,
+		errorsCount:        0,
+		transactionManager: transactionManager,
+		transfersLoaded:    make(map[common.Address]bool),
+	}
 }
 
 type loadBlocksAndTransfersCommand struct {
@@ -282,6 +357,9 @@ type loadBlocksAndTransfersCommand struct {
 	errorsCount   int
 	// nonArchivalRPCNode bool // TODO Make use of it
 	transactionManager *TransactionManager
+
+	// Not to be set by the caller
+	transfersLoaded map[common.Address]bool // For event RecentHistoryReady to be sent only once per account during app lifetime
 }
 
 func (c *loadBlocksAndTransfersCommand) Run(parent context.Context) error {
@@ -289,13 +367,6 @@ func (c *loadBlocksAndTransfersCommand) Run(parent context.Context) error {
 
 	ctx := parent
 
-	if c.feed != nil {
-		c.feed.Send(walletevent.Event{
-			Type:     EventFetchingRecentHistory,
-			Accounts: c.accounts,
-		})
-	}
-
 	if c.balanceCache == nil {
 		c.balanceCache = newBalanceCache() // TODO - need to keep balanceCache in memory??? What about sharing it with other packages?
 	}
@@ -317,14 +388,25 @@ func (c *loadBlocksAndTransfersCommand) Run(parent context.Context) error {
 		}
 
 		allHistoryLoaded := areAllHistoryBlocksLoaded(blockRange)
-
 		toHistoryBlockNum := getToHistoryBlockNumber(headNum, blockRange, allHistoryLoaded)
 
 		if !allHistoryLoaded {
-			c.fetchHistoryBlocks(ctx, group, address, blockRange, toHistoryBlockNum, headNum)
+			c.fetchHistoryBlocks(ctx, group, address, big.NewInt(0), toHistoryBlockNum)
+		} else {
+			if !c.transfersLoaded[address] {
+				transfersLoaded, err := c.areAllTransfersLoadedForAddress(address)
+				if err != nil {
+					return err
+				}
+
+				if transfersLoaded {
+					c.transfersLoaded[address] = true
+					c.notifyHistoryReady(address)
+				}
+			}
 		}
 
-		// If no block ranges are stored, all blocks will be fetched by startFetchingHistoryBlocks method
+		// If no block ranges are stored, all blocks will be fetched by fetchHistoryBlocks method
 		if blockRange != nil {
 			c.fetchNewBlocks(ctx, group, address, blockRange, headNum)
 		}
@@ -349,9 +431,9 @@ func (c *loadBlocksAndTransfersCommand) Command() async.Command {
 }
 
 func (c *loadBlocksAndTransfersCommand) fetchHistoryBlocks(ctx context.Context, group *async.Group,
-	address common.Address, blockRange *BlockRange, toHistoryBlockNum *big.Int, headNum *big.Int) {
+	address common.Address, from *big.Int, to *big.Int) {
 
-	log.Info("Launching history command")
+	log.Debug("Launching history command", "account", address, "from", from, "to", to)
 
 	fbc := &findBlocksCommand{
 		account:            address,
@@ -361,8 +443,8 @@ func (c *loadBlocksAndTransfersCommand) fetchHistoryBlocks(ctx context.Context,
 		balanceCache:       c.balanceCache,
 		feed:               c.feed,
 		noLimit:            false,
-		fromBlockNumber:    big.NewInt(0), // Beginning of the chain history
-		toBlockNumber:      toHistoryBlockNum,
+		fromBlockNumber:    from,
+		toBlockNumber:      to,
 		transactionManager: c.transactionManager,
 	}
 	group.Add(fbc.Command())
@@ -371,9 +453,10 @@ func (c *loadBlocksAndTransfersCommand) fetchHistoryBlocks(ctx context.Context,
 func (c *loadBlocksAndTransfersCommand) fetchNewBlocks(ctx context.Context, group *async.Group,
 	address common.Address, blockRange *BlockRange, headNum *big.Int) {
 
-	log.Info("Launching new blocks command")
 	fromBlockNumber := new(big.Int).Add(blockRange.LastKnown, big.NewInt(1))
 
+	log.Debug("Launching new blocks command", "chainID", c.chainClient.ChainID, "account", address, "from", fromBlockNumber, "headNum", headNum)
+
 	// In case interval between checks is set smaller than block mining time,
 	// we might need to wait for the next block to be mined
 	if fromBlockNumber.Cmp(headNum) > 0 {
@@ -403,80 +486,42 @@ func (c *loadBlocksAndTransfersCommand) fetchTransfers(ctx context.Context, grou
 		chainClient:        c.chainClient,
 		transactionManager: c.transactionManager,
 		blocksLimit:        noBlockLimit, // load transfers from all `unloaded` blocks
+		feed:               c.feed,
 	}
 
 	group.Add(txCommand.Command())
 }
 
-func loadTransfersLoop(ctx context.Context, accounts []common.Address, blockDAO *BlockDAO, db *Database,
-	chainClient *chain.ClientWithFallback, blocksLimitPerAccount int, blocksByAddress map[common.Address][]*big.Int,
-	transactionManager *TransactionManager) error {
+func (c *loadBlocksAndTransfersCommand) notifyHistoryReady(address common.Address) {
+	if c.feed != nil {
+		c.feed.Send(walletevent.Event{
+			Type:     EventRecentHistoryReady,
+			Accounts: []common.Address{address},
+		})
+	}
+}
 
-	log.Debug("loadTransfers start", "accounts", accounts, "chain", chainClient.ChainID, "limit", blocksLimitPerAccount)
+func (c *loadBlocksAndTransfersCommand) areAllTransfersLoadedForAddress(address common.Address) (bool, error) {
+	allBlocksLoaded, err := areAllHistoryBlocksLoadedForAddress(c.blockRangeDAO, c.chainClient.ChainID, address)
+	if err != nil {
+		log.Error("loadBlockAndTransfersCommand allHistoryBlocksLoaded", "error", err)
+		return false, err
+	}
 
-	start := time.Now()
-	group := async.NewGroup(ctx)
+	if allBlocksLoaded {
+		firstHeader, err := c.blockDAO.GetFirstSavedBlock(c.chainClient.ChainID, address)
+		if err != nil {
+			log.Error("loadBlocksAndTransfersCommand GetFirstSavedBlock", "error", err)
+			return false, err
+		}
 
-	for _, address := range accounts {
-		// Take blocks from cache if available and disrespect the limit
-		// If no blocks are available in cache, take blocks from DB respecting the limit
-		// If no limit is set, take all blocks from DB
-		blocks, ok := blocksByAddress[address]
-
-		commands := []*transfersCommand{}
-		for {
-			if !ok {
-				blocks, _ = blockDAO.GetBlocksByAddress(chainClient.ChainID, address, numberOfBlocksCheckedPerIteration)
-			}
-
-			for _, block := range blocks {
-				transfers := &transfersCommand{
-					db:          db,
-					chainClient: chainClient,
-					address:     address,
-					eth: &ETHDownloader{
-						chainClient: chainClient,
-						accounts:    []common.Address{address},
-						signer:      types.NewLondonSigner(chainClient.ToBigInt()),
-						db:          db,
-					},
-					blockNum:           block,
-					transactionManager: transactionManager,
-				}
-				commands = append(commands, transfers)
-				group.Add(transfers.Command())
-			}
-
-			// We need to wait until the retrieved blocks are processed, otherwise
-			// they will be retrieved again in the next iteration
-			// It blocks transfer loading for single account at a time
-			select {
-			case <-ctx.Done():
-				log.Info("loadTransfers transfersCommand error", "chain", chainClient.ChainID, "address", address, "error", ctx.Err())
-				continue
-				// return nil, ctx.Err()
-			case <-group.WaitAsync():
-				// TODO Remove when done debugging
-				transfers := []Transfer{}
-				for _, command := range commands {
-					if len(command.fetchedTransfers) == 0 {
-						continue
-					}
-
-					transfers = append(transfers, command.fetchedTransfers...)
-				}
-				log.Debug("loadTransfers finished for account", "address", address, "in", time.Since(start), "chain", chainClient.ChainID, "transfers", len(transfers), "limit", blocksLimitPerAccount)
-			}
-
-			if ok || len(blocks) == 0 ||
-				(blocksLimitPerAccount > noBlockLimit && len(blocks) >= blocksLimitPerAccount) {
-				log.Debug("loadTransfers breaking loop on block limits reached or 0 blocks", "chain", chainClient.ChainID, "address", address, "limit", blocksLimitPerAccount, "blocks", len(blocks))
-				break
-			}
+		// If first block is Loaded, we have fetched all the transfers
+		if firstHeader != nil && firstHeader.Loaded {
+			return true, nil
 		}
 	}
 
-	return nil
+	return false, nil
 }
 
 func getHeadBlockNumber(parent context.Context, chainClient *chain.ClientWithFallback) (*big.Int, error) {
@@ -490,28 +535,6 @@ func getHeadBlockNumber(parent context.Context, chainClient *chain.ClientWithFal
 	return head.Number, err
 }
 
-func uniqueHeaders(allHeaders []*DBHeader) []*DBHeader {
-	uniqHeadersByHash := map[common.Hash]*DBHeader{}
-	for _, header := range allHeaders {
-		uniqHeader, ok := uniqHeadersByHash[header.Hash]
-		if ok {
-			if len(header.Erc20Transfers) > 0 {
-				uniqHeader.Erc20Transfers = append(uniqHeader.Erc20Transfers, header.Erc20Transfers...)
-			}
-			uniqHeadersByHash[header.Hash] = uniqHeader
-		} else {
-			uniqHeadersByHash[header.Hash] = header
-		}
-	}
-
-	uniqHeaders := []*DBHeader{}
-	for _, header := range uniqHeadersByHash {
-		uniqHeaders = append(uniqHeaders, header)
-	}
-
-	return uniqHeaders
-}
-
 func nextRange(from *big.Int, zeroBlockNumber *big.Int) (*big.Int, *big.Int) {
 	log.Debug("next range start", "from", from, "zeroBlockNumber", zeroBlockNumber)
 
diff --git a/services/wallet/transfer/concurrent.go b/services/wallet/transfer/concurrent.go
index 521a70b62..43ad1f1d3 100644
--- a/services/wallet/transfer/concurrent.go
+++ b/services/wallet/transfer/concurrent.go
@@ -93,9 +93,9 @@ type Downloader interface {
 
 // Returns new block ranges that contain transfers and found block headers that contain transfers, and a block where
 // beginning of trasfers history detected
-func checkRangesWithStartBlock(parent context.Context, client BalanceReader, cache BalanceCache, downloader Downloader,
-	account common.Address, ranges [][]*big.Int, threadLimit uint32, startBlock *big.Int) (resRanges [][]*big.Int,
-	headers []*DBHeader, newStartBlock *big.Int, err error) {
+func checkRangesWithStartBlock(parent context.Context, client BalanceReader, cache BalanceCache,
+	account common.Address, ranges [][]*big.Int, threadLimit uint32, startBlock *big.Int) (
+	resRanges [][]*big.Int, headers []*DBHeader, newStartBlock *big.Int, err error) {
 
 	log.Debug("start checkRanges", "account", account.Hex(), "ranges len", len(ranges))
 
@@ -208,8 +208,9 @@ func checkRangesWithStartBlock(parent context.Context, client BalanceReader, cac
 	return c.GetRanges(), c.GetHeaders(), newStartBlock, nil
 }
 
-func findBlocksWithEthTransfers(parent context.Context, client BalanceReader, cache BalanceCache, downloader Downloader,
-	account common.Address, low, high *big.Int, noLimit bool, threadLimit uint32) (from *big.Int, headers []*DBHeader, resStartBlock *big.Int, err error) {
+func findBlocksWithEthTransfers(parent context.Context, client BalanceReader, cache BalanceCache,
+	account common.Address, low, high *big.Int, noLimit bool, threadLimit uint32) (
+	from *big.Int, headers []*DBHeader, resStartBlock *big.Int, err error) {
 
 	ranges := [][]*big.Int{{low, high}}
 	from = big.NewInt(low.Int64())
@@ -222,7 +223,7 @@ func findBlocksWithEthTransfers(parent context.Context, client BalanceReader, ca
 		// Check if there are transfers in blocks in ranges. To do that, nonce and balance is checked
 		// the block ranges that have transfers are returned
 		newRanges, newHeaders, strtBlock, err := checkRangesWithStartBlock(parent, client, cache,
-			downloader, account, ranges, threadLimit, resStartBlock)
+			account, ranges, threadLimit, resStartBlock)
 		resStartBlock = strtBlock
 		if err != nil {
 			return nil, nil, nil, err
diff --git a/services/wallet/transfer/concurrent_test.go b/services/wallet/transfer/concurrent_test.go
index 510b6e3c1..0e9494961 100644
--- a/services/wallet/transfer/concurrent_test.go
+++ b/services/wallet/transfer/concurrent_test.go
@@ -128,7 +128,7 @@ func TestConcurrentEthDownloader(t *testing.T) {
 			defer cancel()
 			concurrent := NewConcurrentDownloader(ctx, 0)
 			_, headers, _, _ := findBlocksWithEthTransfers(
-				ctx, tc.options.balances, newBalanceCache(), tc.options.batches,
+				ctx, tc.options.balances, newBalanceCache(),
 				common.Address{}, zero, tc.options.last, false, NoThreadLimit)
 			concurrent.Wait()
 			require.NoError(t, concurrent.Error())
diff --git a/services/wallet/transfer/sequential_fetch_strategy.go b/services/wallet/transfer/sequential_fetch_strategy.go
index 2ac5ee42f..50445f2db 100644
--- a/services/wallet/transfer/sequential_fetch_strategy.go
+++ b/services/wallet/transfer/sequential_fetch_strategy.go
@@ -10,6 +10,7 @@ import (
 	"github.com/ethereum/go-ethereum/log"
 	"github.com/status-im/status-go/rpc/chain"
 	"github.com/status-im/status-go/services/wallet/async"
+	"github.com/status-im/status-go/services/wallet/walletevent"
 )
 
 func NewSequentialFetchStrategy(db *Database, blockDAO *BlockDAO, feed *event.Feed,
@@ -41,17 +42,8 @@ type SequentialFetchStrategy struct {
 func (s *SequentialFetchStrategy) newCommand(chainClient *chain.ClientWithFallback,
 	accounts []common.Address) async.Commander {
 
-	ctl := &loadBlocksAndTransfersCommand{
-		db:                 s.db,
-		chainClient:        chainClient,
-		accounts:           accounts,
-		blockRangeDAO:      &BlockRangeSequentialDAO{s.db.client},
-		blockDAO:           s.blockDAO,
-		feed:               s.feed,
-		errorsCount:        0,
-		transactionManager: s.transactionManager,
-	}
-	return ctl
+	return newLoadBlocksAndTransfersCommand(accounts, s.db, s.blockDAO, chainClient, s.feed,
+		s.transactionManager)
 }
 
 func (s *SequentialFetchStrategy) start() error {
@@ -63,6 +55,13 @@ func (s *SequentialFetchStrategy) start() error {
 	}
 	s.group = async.NewGroup(context.Background())
 
+	if s.feed != nil {
+		s.feed.Send(walletevent.Event{
+			Type:     EventFetchingRecentHistory,
+			Accounts: s.accounts,
+		})
+	}
+
 	for _, chainClient := range s.chainClients {
 		ctl := s.newCommand(chainClient, s.accounts)
 		s.group.Add(ctl.Command())